UNITED Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	-1,328	2,575	4,059	6,167	5,811
Depreciation & Amortization	321	224	304	329	197
Loss (Gain) From Sale of Assets	10	57	770	2	-
Loss (Gain) From Sale of Investments	58	50	22	7	-
Loss (Gain) on Equity Investments	-	5	21	-26	-7
Other Operating Activities	-1,137	-1,385	-2,213	-1,987	-2,108
Change in Accounts Receivable	-1,229	5	100	310	-948
Change in Accounts Payable	-113	242	-31	-161	268
Change in Other Net Operating Assets	-559	-393	-947	-694	-495
Operating Cash Flow	-3,977	1,380	2,085	3,947	2,718
Operating Cash Flow Growth	-	-33.81%	-47.17%	45.22%	-61.13%
Capital Expenditures	-66	-49	-11	-71	-5
Cash Acquisitions	-	-151	-34	-663	-329
Divestitures	-	-	-	23	-
Sale (Purchase) of Intangibles	-126	-157	-147	-171	-104
Investment in Securities	99	142	-1,000	-217	-54
Other Investing Activities	-16	-22	58	260	15
Investing Cash Flow	-109	-237	-1,134	-839	-477
Long-Term Debt Repaid	-61	-20	-47	-106	-74
Net Debt Issued (Repaid)	-61	-20	-47	-106	-74
Issuance of Common Stock	-	-	40	-	-
Repurchase of Common Stock	-1,129	-	-	-1,001	-3,000
Common Dividends Paid	-1,372	-1,880	-1,386	-794	-775
Other Financing Activities	1	384	57	-2	-
Financing Cash Flow	-2,561	-1,516	-1,336	-1,903	-3,849
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-
Net Cash Flow	-6,648	-373	-385	1,205	-1,608
Free Cash Flow	-4,043	1,331	2,074	3,876	2,713
Free Cash Flow Growth	-	-35.82%	-46.49%	42.87%	-60.97%
Free Cash Flow Margin	-45.62%	11.06%	16.50%	29.50%	21.34%
Free Cash Flow Per Share	-107.16	33.88	52.90	97.99	64.19
Cash Interest Paid	2	2	1	2	2
Cash Income Tax Paid	1,137	1,385	2,214	1,989	2,107
Levered Free Cash Flow	-3,666	4,687	5,636	11,206	13,700
Unlevered Free Cash Flow	-3,665	4,688	5,637	11,207	13,701
Change in Working Capital	-1,901	-146	-878	-545	-1,175

Source: S&P Global Market Intelligence. Standard template. Financial Sources.